Japanese
stocks rose, with the Topix index extending a six-year high, as a
weaker yen boosted exporters while airlines and shippers climbed on a
slide in oil.
The
Topix added 0.4 percent to 1,415.57 as of 9:05 a.m. in Tokyo after
closing last week at its highest level since June 2008. The measure
gained 5.8 percent in November, the biggest monthly advance since
September 2013. All but seven of the 33 industry groups increased today.
The Nikkei 225 Stock Average rose 0.1 percent to 17,481.47. The yen
slid 0.2 percent to 118.84 per dollar after losing 0.8 percent on Nov.
28.
Crude
extended its slide today, with West Texas Intermediate contracts for
January delivery on the New York Mercantile Exchange sinking as much as
3.1 percent to $64.10 per barrel after OPEC refrained from cutting
supply last week.
Japanâs
capital spending rose 5.5 percent in the three months ended September
from the previous year, the finance ministry said today in Tokyo.
Economists surveyed by Bloomberg had expected a 1.8 percent advance.
Futures
on the Standard & Poorâs 500 Index lost 0.3 percent today. The
underlying equity measure declined 0.3 percent on Nov. 28 as small-cap
companies and energy producers slumped on a slump in oil.
Source: Bloomberg
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